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Liberty Variable Rate Certificate
Interest rates as of November 1, 2008 - Minimum balance:
$500.00
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- Minimum deposit to
open the CD is $500.00
- Term is one year
- Interest rate will
be tied to an index
- Interest rate can
change on the first business day of each month
- CD is a tiered rate
account
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Certificates
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Annual Percentage Yield
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Interest Rate
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$500.00 -
$4,999.99
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.68%
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.675%
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$5,000.00 -
$99,999.99
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.81%
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.810%
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$100,000.00 +
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.90%
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.900%
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Balances of $500.00 to $4,999.99 are the average
91-day T-Bill discount rate of the last auction of the preceding month less
25 basis points.
Balances of $5,000.00 or more is the average 91-day
T-Bill discount rate of the last auction of the preceding month.
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- The average 91-day
T-Bill discount rate is disclosed in The Wall Street Journal, Eastern
edition
- Interest is
compounded daily
- Interest is credited
to the account quarterly
- Deposits to the
certificate can be made at any time
- You are allowed one
partial withdrawal of principal or any credited interest per calendar
quarter without penalty, provided the withdrawal is not made within
the first six days after deposit.
- Two or more
withdrawals within a calendar quarter - a fee equal to a loss of 90
days interest on the amount withdrawn
- Penalty for early withdrawal
- a fee equal to a loss of 90 days interest
- This certificate
will automatically renew at maturity
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(Note:
Interest rates are subject to change without notice)
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